Jul

1

This is in from the "just when you think you have seen it all" department.

Last evening, I watched one of my favorite shows on the Discovery Channel , "Dirty Jobs" with host and celebrity Mike Rowe. I say celebrity because I saw his status verified by a stint on The O'Reilly Factor and that I was in a card game last week and every sweaty and unshaven man at the table knew who Mike Rowe is. The women were less informed. By watching the show you are introduced to some of the most disgusting jobs imaginable. Here are some of the bad ones:

Chick separator. Separating female chicks from rooster chicks.
Noodling. Hand fishing for catfish in rivers.
Chumming for shark
Crawfishing, in the bayou in Louisiana
Cleaning up a house after a flood. This is too disgusting to describe.
Cow inseminator

Last evening I saw one that reminded me of this market. Snake catcher. Catching a snake was not too bad, but the downside is that you tend to get bitten by the snake. Hopefully by only non-venomous ones. But afterward was the sick part. They made the snake vomit to discern what it had eaten recently to determine its dietary habits and the ecosystem that it was in.

I felt that this is my new description of a bear market. What would make a snake vomit? Dow down seven of eight months. Worst June since 1930. GM's lowest price in 50 years. Market back to where it was at the start of the century. Merrill at 34, Citigroup at 17. Bear Stearns out of business. Residential real estate prices falling every month. Oil up 40% this year. Foreclosures reaching all-time records. Guy Ritchie and Madonna split. Those are some real house of pain facts. And some real snake vomit numbers.

So the questions abound and the nabobs quack, when will we see the turnaround that is hoped for and what will impel the market to right itself and go forward?


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